Close
Avangate Acquires 2Checkout to Expand Payment Flexibility and Broaden Market Reach
Combined company will bring a unique combination of eCommerce and subscription management solutions to market through various payment models across the globe.
Find out more:
Among Fastest Growing Companies
Deloitte Selects Avangate As One Of The Top 3 Technology Fast50
SaaS eCommerce Provider Recognized Among the Fastest-Growing Technology Companies in the Region
Redwood Shores, CA - October 29, 2012 - Avangate, the agile eCommerce service provider trusted by thousands of Software and SaaS companies to grow their businesses worldwide through any channel and any model, is proud to announce that it has been awarded third place in the Deloitte Technology Fast50 competition for the fastest-growing companies in the Benelux (Belgium, Netherlands, and Luxembourg) region, based on the success of its Europe-based Avangate B.V. operations.
"The software industry continues to undergo massive changes. Macro trends such as the growing maturity of Cloud services, the consumerization of IT and the democratization of software distribution are having a major impact on the way software and SaaS companies develop and take their products to market, as well as how they manage the ongoing relationship with their customers," said Carl Theobald, Chief Executive Officer, Avangate.
"All of these demand software vendors to quickly respond to market changes," Theobald added. "Through our technology and services, Avangate is providing our clients a platform for innovation and the necessary support to reach new markets, improve customer retention and optimize operations, as well as experiment with and transition to new business and revenue models. Needless to say, the Deloitte Fast50 Award is a great recognition and validation of our commitment to this strategy."
"Over the last few years, we have noticed an increase of the number of internet companies in our Technology Fast50 ranking," commented Luc Van Coppenolle, a partner at Deloitte and Technology Fast50 leader for Belgium. "Digital innovations and developments, like social media, cloud computing, apps and big data, are at the heart of this shift. In addition, software and telecom companies are also well represented: some successful high-tech companies have been nominated for the Fast50 and Rising Star. It appears once again that innovation can be translated directly into revenue growth. It pays to innovate, and it's precisely in tough economic times like these that we mustn't forget it. We need these top companies harder than ever".
Avangate is currently serving more than 2,500 customers globally while also managing a network of over 33,000 software affiliates. Avangate's Enterprise Edition platform was further recognized by the Software & Information Industry Association (SIIA) CODiE Awards as one of the "Best Electronic Commerce Solutions" in 2012. Avangate was recently named a Red Herring "Top 100 Europe" technology company as well as one of the AlwaysOn Global 250 Companies to Watch. To learn more about how Avangate can grow your software sales, visit our interactive tour and follow our blog for tips on marketing, channel management, eCommerce and the business of software.
About the Deloitte Technology Fast50
The Deloitte Technology Fast50 competition is the annual election of the fifty fastest growing technology companies in the Benelux. The selection criteria are turnover growth in terms of percentage during the past five years (2007-2011). Companies existing for less than five years can participate to the Rising Star category. These companies are judged by an independent jury on their turnover potential and scaling.
Fast50 participants can be private or public sector companies and cover every segment of the technology market, including IT, software, internet, biotechlife sciences, computers and peripherals, electronics, communication and networks, media and entertainment and green technologies. The Technology Fast50 program is more than a competition. Participants become part of the Fast50 network and can participate in seminars that are organized throughout the year.
More information can be found on deloitte.com
About 2Checkout (formerly Avangate)
2Checkout, a Francisco Partners portfolio company, is the digital commerce & payments provider that helps companies sell their products and services via multiple channels, acquire customers across multiple touch points, increase customer and revenue retention, leverage smarter payment options and subscription billing models, and maximize sales conversion rates. The company’s clients include ABBYY, Absolute, Bitdefender, FICO, HP Software, Kaspersky Lab, and many more companies across the globe.
Avangate acquired 2Checkout in March 2017. More information about 2Checkout’s Avangate platform and related services can be found on www.avangate.com.
More information on 2Checkout can be found on www.2checkout.com
Media Contact
For media & PR inquiries related to Avangate, please contact:
Delia Ene, Avangate
Phone: +31 20 890 8080
Email:
press@avangate.com
Avangate Newsletter
Whether it's news you're looking for or an expert's advice on how to sell software, SaaS or digital goods online, you came to the right place. Find guidance in our latest eBooks, webinars, reports and conversations with industry thought leaders to further increase revenue, maximize the value of every customer, and expand global reach.
